A$120,000 After Tax

Here's a detailed tax calculation for a A$120,000 salary. Adjust the values below to match your circumstances.

Here's the breakdown

For Estimation Only

This calculator provides a detailed estimate based on the standard tax rules for Australia (2025-2026). It may not account for all personal circumstances, such as specific tax code variations, some salary sacrifice nuances, or other benefits-in-kind. Always refer to your official payslip or consult a financial advisor for definitive figures.

Australia Tax at a Glance

Here are the individual income tax rates for residents and foreign residents for the 2025-2026 tax year.

Resident Tax Rates

$0 - $18,200

Nil

$18,201 - $45,000

16c for each $1 over $18,200

$45,001 - $135,000

$4,288 + 30c for each $1 over $45,000

$135,001 - $190,000

$31,288 + 37c for each $1 over $135,000

$190,001 - and over

$51,638 + 45c for each $1 over $190,000

Foreign Resident Tax Rates

$0 - $135,000

30c for each $1

$135,001 - $190,000

$40,500 + 37c for each $1 over $135,000

$190,001 - and over

$60,850 + 45c for each $1 over $190,000

Note: Resident rates do not include the 2% Medicare levy. Foreign residents are not required to pay the Medicare levy.

For official information, please refer to the ATO website for resident rates and foreign resident rates.

Understanding The Calculator

The values in this calculator can be adjusted to get the most accurate picture of your earnings.

Gross Annual Salary ($)

This is your total yearly salary before any deductions. Do not include your employer's superannuation contribution here. If you receive a 'package' amount, you need to find the base salary component.

Bonus / Commission ($)

If you receive any one-off payments on top of your regular salary, like an annual bonus, enter the total amount here. This is added to your salary for tax and Medicare levy calculations.

Superannuation Contributions

Enter your personal, pre-tax (concessional) contributions to your super fund. This could be part of a salary sacrifice arrangement. The amount you enter is deducted from your gross salary before income tax is calculated, which reduces your taxable income.

Note: This does not include the compulsory Superannuation Guarantee (SG) paid by your employer (11.5% for 2024-25), as that amount is not part of your gross salary.

Student Loan (HECS-HELP & other loans)

If you have a study or training loan debt (such as HECS-HELP, VSL, SFSS, SSL, ABSTUDY SSL, or AASL), enable the switch in the calculator. All these loans are part of the same income-contingent loan system and repayments are calculated as a percentage of your repayment income. The repayment rate increases as your income rises, starting at 1% for incomes over $54,368 (for 2025-26).

Understanding Your Deductions

The Australian tax system has several main components that are deducted from your salary:

Income Tax: Calculated using progressive tax brackets. The first $18,200 of your income is tax-free for residents.
Medicare Levy: A 2% levy on your taxable income that funds the public healthcare system. Some low-income earners are exempt, but this calculator assumes the full levy is paid for simplicity.
Low Income Tax Offset (LITO): This is a tax credit that reduces your final tax bill if your taxable income is below $66,667. Our calculator automatically applies this for you, and you can see the amount in the results breakdown.